2020 Financial News

₹1.06 trillion at the end of Jan 2022 to ₹2.49 trillion at the end of Feb 2024. For mid-cap funds, the AUM has risen from ₹1.58 trillion at the end of Jan 2022 to ₹2.95 trillion at the end of Feb 2024. Thus it has more than doubled for small cap funds and grown 86% for mid cap funds.

NEW DELHI : Packaged consumer goods maker Procter & Gamble India on Monday announced the appointment of Kumar Venkatasubramanian as the company's new chief executive officer, effective 1 May, 2024. Venkatasubramanian will succeed LV Vaidyanathan, who is leaving the company to pursue other interests after 28 years of service to P&G, the maker of Ariel, Tide, Whisper, Olay, and Gillette brands, it said in a statement. Vaidyanathan took over as CEO, P&G India, on 1 July, 2022.

B. Riley Financial Inc., the boutique investment bank under attack from short sellers about its dealings with a former business partner, failed to file its audited results after an extension period ended. 

Indian startups are expected to raise $10-12 billion this year, Peak XV Partners managing director Rajan Anandan said on Monday. “$10 billion, which is Rs 80,000 crores of funding per year, is enough to build our ecosystem,” he said.

If you are in need of money and want to borrow from others, everybody prefers to have gold as collateral. The reason is very simple. For the lender, gold is an appreciating asset. For the borrower, the yellow metal offers high liquidity and it provides an instant loan.

Supreme Court on Monday dismissed a plea of Adani Power Rajasthan Ltd seeking over Rs 1,300 crore as late payment surcharge from the Jaipur Vidyut Vitran Nigam Limited, a Rajasthan government-owned power distribution firm. Imposing Rs 50,000 as cost on Adani Power Rajasthan Ltd (APRL), a bench comprising Justices Aniruddha Bose and PV Sanjay Kumar ruled that filing of a miscellaneous application was not the proper legal recourse to late payment surcharge (LPS) by the Adani firm. «Relief of this nature (claiming LPS) cannot be asked in a miscellaneous application which was described in the course of the hearing as an application for clarification,» the bench said. The cost of Rs 50,000 imposed on APRL will be deposited with the Supreme Court Legal Aid Committee, Justice Bose said while reading out the operative portion of the judgement.

In the Arizona desert, a Danish company is building a massive solar farm that includes batteries that charge when the sun is shining and supply energy back to the electric grid when it’s not

ICICI Securities. The current unsuccessful auto-debit requests, or bounce rate, is around 50% lower than the peak of 38.1% in June 2020 registered during the COVID-19 pandemic. Overall, in FY24-TD, the average bounce rate in value terms has fallen to 20.8% from 22% YoY.

IFCI has posted multibagger returns in the last 4 years, rising from ₹4 in March 2020 to around ₹39 currently. This implies a return of 875 percent for its investors. An investment of ₹10,000 in this stock in March 2020 would have turned into ₹97,500 now.

Joe Biden said at a weekend Washington roast, was that two candidates had clinched their party's nomination for president. But one was too old, too mentally unfit for the job, he said. «The other's me,» Biden quipped.

₹509 crore to Tamil Nadu’s ruling Dravida Munnetra Kazhagam (DMK) through electoral bonds between October 2020 and April 2023, Election Commission data released on Sunday showed. This makes up 37% of the ₹1,368-crore worth of bonds that his company has bought since April 2019.

Frontier markets are back. Several African countries have recently returned to global financial markets, placing foreign-currency bonds with international investors. The question is whether they are back for good, or whether someone or something—namely, the US Federal Reserve—will throw a wrench in the works.

Persistent Systems (up nearly 86 per cent), Coforge (up 55 per cent), L&T Technology Services (up 53 per cent) and HCL Technologies (up 53 per cent) have seen strong gains over the last year despite persisting concerns over weakness in demand in key markets in the West. Also Read: Indian stock market remains attractive, say experts, suggest stocks to buy for long term While it appears investors are placing greater emphasis on the valuation multiples rather than the actual earnings growth of the IT companies, strong domestic inflows into equities could be another factor behind the rise in IT stocks, said the brokerage firm.

inflation has slowed sharply, petrol prices are down, jobs are plentiful, incomes are rising and the stockmarket is strong. But survey after survey suggests that Americans are in fact quite unhappy. They think that the economy is in bad shape and that President Joe Biden is mismanaging it.

Joe Biden said at a weekend Washington roast, was that two candidates had clinched their party's nomination for president. But one was too old, too mentally unfit for the job, he said. «The other's me,» Bidden quipped.

Lok Sabha polls in Rajasthan. Despite losing the state assembly elections to the Congress in December 2018 and being in the opposition, the BJP managed to secure 24 seats in the 2019 Lok Sabha polls, with the remaining seat going to its ally, the Rashtriya Loktantrik Party (RLP). Now in power in Rajasthan, the BJP is looking to maintain its momentum. Congress' Hopes Amidst Past Losses The Congress, which secured a majority of assembly seats in eastern Rajasthan in the 2018 polls, faced a setback in the subsequent parliamentary elections. The Gurjar community, particularly influential in the region, had supported the Congress in the assembly polls, expecting Sachin Pilot, a Gurjar leader, to become the state's chief minister. However, when this did not materialize, the Congress saw a decline in support, leading to the BJP's dominance in the Lok Sabha polls.

US President Joe Biden's campaign spokesperson, James Singer, said in a statement that former President Donald Trump «wants another January 6» after Trump on Saturday said that there would be a 'bloodbath' in the country if he lost the upcoming polls, reported CNN. Condemning his statement, Singer emphasised that the US people would not make him win the presidential elections.

US President Donald Trump on Saturday warned of a 'bloodbath' in the country if he does not get elected in the polls set to be held later this year, Politico reported. Addressing a rally near Ohio's Dayton, Trump said, «Now, if I don't get elected, it's gonna be a bloodbath. That's going to be the least of it.» He said, «It's going to be a bloodbath for the country.»

Investing.com — Bitcoin supply growth is set to drop below 1% for the first time ever next month, when the ‘halving event’ gets underway, underscoring the popular crypto’s scarcity premium and likely fueling the current bull run just as institutional investors join the race to ‘hodl’ the popular crypto.

investors despite the securities regulator’s warnings of a potential bubble. Perceived as key beneficiaries of the South Asian nation’s 8%-plus economic growth, shares of smaller firms are seen staging a comeback after a selloff that’s pushed down the Nifty Smallcap 250 Index almost 10% since Feb. 27. That was the day the Securities and Exchange Board of India directed mutual funds to take steps to shield investors from the speculative froth in small- and mid-cap stocks.